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Gold/Mining/Energy : Donner Minerals (DML.V) -- Ignore unavailable to you. Want to Upgrade?

To: Clark Kent who wrote (9651)	11/23/1998 3:22:00 PM
From: Famularo	Read Replies (2) \| Respond to of 11676

$1m financing; incentive stock options Donner Minerals Ltd DML Shares issued 31,689,657 Nov 20 close $0.26 Mon 23 Nov 98 News Release Mr. David Patterson reports The company has negotiated a brokered private placement with Union Securities in the amount of $1,000,000. These funds will be raised by the company issuing a total of 2,500,000 non-flow-through units at 20 cents per unit and a total of 2,500,000 flow-through units at 20 cents per unit. Each non-flow-through unit is comprised of one share and one warrant entitling the holder to purchase one additional share at 20 cents for one year. Each flow-through unit is comprised of one flow-through share and one warrant entitling the holder to purchase one additional flow-through share at 20 cents for one year. The company has agreed to pay Union Securities a 5 per cent commission and has further agreed to issue Class B warrants to purchase up to 300,000 shares at 20 cents for one year. The net proceeds of the offering will be used for working capital and for further exploration of the company's South Voisey Bay project. In addition, the company has granted 1,114,024 incentive stock options to certain of its directors, officer and employees pursuant to the company's stock option plan. These options are exercisable for 10 years at 32 cents, being the average trading price of the company's shares over the last 10 trading days.